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Crusoe

private
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Crusoe builds and operates AI data centers powered by stranded and off-grid energy, supplying GPU capacity to model developers.

sentiment mix
bull 73%bear 0%neu 27%

funding rounds

private markets
latest round
Series E
Oct 2025 | $1.38B
post-money valuation
$10B post-money
not disclosed
total raised
$3.9B disclosed
1 disclosed rounds | updated 2026-07-21
round progression
Series E
Oct 2025
$1.38B
lead investors
  • Valor Equity Partnerslead
  • Mubadala Capitalco
dateroundamountvaluationinvestors
Oct 2025Series E$1.38B$10B post-moneyValor Equity Partners, Mubadala Capital

signal summary

latest high-conviction thesis
Crusoe converts execution speed into a neocloud competitive advantage▾

Crusoe's concentrated equity incentives reward teams directly for delivering compute faster, unlike large hyperscaler organizations. In a capacity-constrained market, time-to-power and time-to-revenue matter more than traditional cloud scale advantages.

dylan patelT2Sequoia Capital2026-06-30
confidence 78 / 100impact High
key themes
  • AI Infrastructure80%
  • AI Economics & Business Models80%
  • Space-Based Compute50%
  • Space Economy40%
  • AI Regulation & Policy40%

bull thesis · 8

89 / 100
  • •Crusoe building massive data centers in Abilene; tradespeople paid 2-3x for Dyson swarm buildout
  • •Baker: Crusoe among elite few bringing >500MW/year; validates non-hyperscaler compute buildout capability
  • •Founders Fund backed Crusoe as a stranded-energy investment

bear thesis · 0

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  • — none —

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